Aug 31, 2020 Guest(s): Peter Marrone Executive Chairman, Yamana Gold Although gold equities have seen a substantial rally this year, with the VanEck Vectors Gold Miners ETF (GDX), up 45% year to date, the sector as a whole is still undervalued, according to Peter Marrone, executive chairman of Yamana Gold. "I think that this is the time to be invested in equities, more than the time to be invest...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
A second deal for fourth-quarter aluminium ingot supply to main Japanese ports (MJP) was concluded at a premium of $83 per tonne cif MJP, market sources told Fastmarkets on Monday August 31.The deal was for 1,500-3,000 tonnes of aluminium ingot in total for October-December delivery, with 500-1,000 tonnes to be delivered each month. The premium is paid on top of the London Metal Exchange cash pric...Read More
Aftermath had said on Thursday Sprott had agreed to invest $5.3 million in its $12.5 million placement priced at 65c per share, which would give him 19.9%.A day later, Aftermath said it was increasing the placement to $15.6 million and said Sprott would also increase his investment, in order to hold 19.9% of the issued and outstanding shares post-closing.He had held 16.2% at July 13, according to...Read More
Swick Mining founder and managing director Kent Swick said on the company's FY2020 results conference call it was keen to move the mooted demerger forward, given Orexplore's value wasn't beingRead More
Vancouver, BC - Sona Nanotech Inc. (CSE: SONA), (OTCQB: SNANF) ("Sona Nanotech" or the "Company"), a developer of rapid, point-of-care diagnostic tests, announced today it has engaged Bonham/Wills & Associates ("Bonham/Wills"), a leading sports consulting firm, to assist in securing test development sponsorship partners for its next rapid-response test R&D project, leveraging the Company's proprie...Read More
Vancouver, BC - FinCanna Capital Corp. (CSE:CALI) (OTCQB:FNNZF) (the "Company" or "FinCanna"), is pleased to announce that it has acquired all the assets and economic interests of its royalty portfolio company Green Compliance Inc. ("Green Compliance"). Green Compliance's ezGreen software provides state-of-the-art enterprise compliance and point-of-sale (POS) software solutions for licensed cann...Read More
Montr?(C)al, Qu?(C)bec - August 31, 2020 - Siyata Mobile Inc. (TSX-V:SIM / OTCQX:SYATF/ FRA: WK3D) is pleased to announce the Company has entered into an agreement with Insight, a NASDAQ listed Fortune 500 US distribution company offering innovative solutions to support the modern workforce by simplifying device management for distribution of the Company's cellular booster line of business.Insight...Read More
MTV's senior lenders, shareholders and unsecured creditors participated in finding a solution creating a path towards profitability and sustainability.Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
* Dollar set for fourth consecutive monthly decline * Gold on track for first monthly fall in five * Silver heads for fifth straight monthly gain * Interactive graphic tracking global spread of coronavirus:open in an external browser (Recasts, adds quotes, updates prices)By Diptendu LahiriAug 31 (Reuters) - Gold traded in a narrow $20 range onMonday as it headed for its first monthly decline in fi...Read More
Supply of steel scrap in Australia is being squeezed by regional Covid-19 lockdowns and a general decline in economic output, scrap market participants have told Fastmarkets.The reduction in scrap generated in Australia is reducing the volume of material being offered for export from the country and raising prices for whatever material is being offered.Covid-19 transmission in the country is affec...Read More
A summary of miner-producer China Molybdenum Co's results for the six months of 2020, as released on Monday August 31.In brief Revenue for the company's mining and processing business totaled 9.1 billion yuan ($1.3 billion) in the first half of 2020, down by 4.86% year on year. ...Read More
Share this articleAuryn Resources Inc. [AUG-TSX, NYSE American] said Monday August 31 that it has arranged for a bought deal private placement that is expected to raise $22.5 million from the sale of 7.5 million subscription receipts of the company.The subscription receipts will be exchanged for common shares of Auryn concurrently with the completion of Auryn's recently announced plan to acquire E...Read More
Spot cobalt hydroxide payables consolidated last week amid a slowdown in trading activity, with buyers and sellers both unwilling to compromise in order to secure deals. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China, held at 76.5-77% of the price for cobalt standard grade (low-end) on Friday August 28. The raw materials price has been unchanged for three consecutive pricin...Read More
No. It isn't.That's crazy.I hopped in an Uber last week and got to talking to the driver, as I so often do. We were talking about the coronavirus pandemic and how it has affected financial markets when he said, "Let me ask you this: Do you think the government is using the coronavirus to justify a coin shortage so they can push a cashless society onto us?"I couldn't help myself - I laughed out lou...Read More
We learned from Steven Turner, Managing Director of Rafaella Resources Limited (ASX:RFR), that they are focused on fast-tracking their wholly-owned Santa Comba tungsten project and are targeting cash flows in 1H 2021. Santa Comba is a past producer, with a well understood resource, great infrastructure, close to deep water ports, which makes the cost of getting back into production quick and very...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the Index had a quiet week, as it remained in its tight trading range and added 4.61 points to close at 1071.51.MACD fell 1.98 points to -4.02. RSI dropped 3.11 points to 63.66 points.Support is now at 1063.85 (20-day moving average) and 1038.45 (middle Bollinger). Resistance i...Read More
Here are five Fastmarkets stories you might have missed on Monday August 31 that are worth another look.The United States' government has reduced the Section 232 quota for imports of semi-finished steel products from Brazil in the fourth quarter, according to a proclamation from president Donald Trump published late on Friday August...Read More
Members of the World Trade Organization have agreed to the establishment of a dispute panel to review a complaint filed by Turkey regarding the European Union's safeguard measures on imports of certain steel products.The agreement was reached at a meeting of the Dispute Settlement Body (DSB) on Friday August 28, the WTO said.The European Commission (EC) imposed quotas on certain steel imports in F...Read More